Finance

Intu plots huge push into PRS market to increase land values

By 2018-10-23T10:49:00

The Mall, Cribbs Causeway

Intu, the shopping centre giant in the midst of its second takeover bid in less than a year, is set to enter the private rented sector (PRS) market in an attempt to create additional value from land around some of its malls.

The group, which is currently considering a consortium bid led by its deputy chairman and Peel Group founder John Whittaker, has identified land with the potential for around 5,000 residential units on land around six of its out of town centres as well as almost 600 hotels rooms.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article.

Sign up now for the following benefits:

  • Four FREE articles of your choice per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.

Registered users and subscribers SIGN IN here to continue